Top Residual Income Investments and Ideas for 2019

Buy an Online Business

This option is the best one and potentially helps your future via Residual income. Instead of creating a new website, you can search for websites that are already created and profitable. Even you can select online business like Empire Flippers or Flippa, those websites will make your profit much easier.

Start to earn through Real Estate

The old traditional way of residual income is investing in Real Estates. There are multiple ways to get profit from Real Estate business. You can also directly invest the funds via a Brokerage account. Even you can provide loans (if you have any excess cash) for people who are looking for Real Estate projects. These will double your investment very easily.

If you are a landlord, you can analyze the potential areas then buy the property and rent or sell it at your affordable price. Crowdfunding is another option to invest online and finance for potential requestors. To gather more information, you can follow https://www.journalreview.org/top-passive-income-ideas-business-opportunities/.

Become a business silent partner

If you were well known about a profitable business, instead of providing loans you can join the company as a Silent partner. The owner will take care of the business and you can act as an Advisor or Silent Partner. On the other side, if you have technical knowledge, you can create an App that could be much easier for people to use. Any Apps that are built with creative ideas will be impressed by any users. If not, you can also recruit a developer and guide him to develop the Apps using your creative thoughts.

Peer to Peer Lending

You can easily become a loan provider. There are multiple online platforms where you can set terms for your loans and then collect interest from the business people or person to whom you loan the amount. You can even go ahead with blog writing. Yes, if you are very passionate in writing any contents then you can start a blog. You can post any articles on your blog and as well as advertise any products and earn money from the advertisers.

Make money for tasks you’d do anyway

This is much easier to earn money by working on your daily activities. Few online platforms like Swagbucks or InboxDollars allow us to generate money by Web Surfing, Shopping Online, Playing Games and much more! You can also invest money in Dividend Stocks. You need to ensure that the company you are investing can raise the dividend at least for the long term.

Create an online course

You can create a course about your passion and upload via Online. You can also sell your lessons or course and make money out of it. You can set the pricing for each courses depending upon the targeted audience. On the other hand, if you are a creative photographer then you can license and sell your photos via online websites (Ex. iStockPhoto) for residual income.

Become a referral source

For every business, nowadays they need some sort of referrals to improve their growth. First, you need to identify a list of a few small business owners within your location. Then you have to refer their business to your relations and friends. You can contact the business owner and check if they have any growth with referrals. If so, you can earn with this residual income.

Outsource most if not all of your business needs

If you are tied up with your existing business and does not have much time to work on then the best option is to outsource your minimal tasks to others. During this time, you can take some breath and think about any other income plan.

If you have a talent of writing Comic, Fiction, Comedy, Documentary or Non-fiction stories then you can write a book and posted the same via Online platform. This will increase your residual income. At the end of the day, we are happy to know that after reviewing the above document, you should be much clear about the investment plans for your residual income.